Top 20 Indian Business Schools Accepting GMAT Scores in 2025

Dreaming of an MBA from a top Indian B-school? 

Your GMAT score could be your golden ticket! Many prestigious MBA colleges in India now accept GMAT scores for their MBA and PGDM programs, opening doors to world-class education and global career opportunities.

But which ones should be on your radar? This list of top GMAT-accepting MBA colleges in India will help you find the perfect fit, from IIMs to elite private institutions, so you can turn your MBA dreams into reality!

Key Highlights :

• Top GMAT-accepting colleges in India include IIM Ahmedabad, ISB, IIM Calcutta, IIM Bengaluru, and SP Jain (Mumbai).
• The average tuition fees for Indian B-schools accepting GMAT scores range from INR 10 lakhs to INR 42 lakhs, with average salary packages between INR 17.3 LPA and INR 34 LPA.
• These MBA colleges require GMAT scores ranging from 650+ to 718 and 2 to 5 years of work experience.

Top 20 GMAT Accepting Indian Business Schools for 2025

Several highly ranked institutions all over the country have stellar business programs that accept GMAT scores, among other test scores like CAT, NMAT, and XAT during admission.

Here are the top GMAT-accepting colleges in India:

Let’s discuss these Indian B-schools in detail below:

1. Indian School of Business (ISB), Hyderabad

The Indian School of Business (ISB), located in Hyderabad, Telangana, is a globally acclaimed private business school known for its innovative pedagogy and cutting-edge research. Established in 2001, ISB offers a comprehensive Post Graduate Programme in Management (PGP), among other executive education courses, and has consistently ranked among the top business schools globally. With world-class faculty, state-of-the-art infrastructure, and a diverse student cohort, ISB emphasises leadership development, global business perspectives, and entrepreneurial thinking. Its strong industry connections and robust alumni network make it a prime choice for aspiring business leaders.

2. Indian Institute of Management (IIM), Ahmedabad

Indian Institute of Management Ahmedabad (IIM-A), located in Gujarat, is India’s premier management institution, renowned for academic excellence and its rigorous admission process. Established in 1961, it is globally recognised for its flagship Post Graduate Programme in Management (PGP) and the Executive Post Graduate Programme (PGPX). With a distinguished faculty, cutting-edge curriculum, and a focus on case-based learning, IIM-A fosters critical thinking and strategic decision-making. The institute’s sprawling campus, designed by renowned architect Louis Kahn, and its robust global partnerships ensure a transformative educational experience.

3. Indian Institute of Management (IIM), Bangalore

Situated in Karnataka’s capital, the Indian Institute of Management Bangalore (IIM-B) is a public management school known for its commitment to fostering innovation and entrepreneurship. Founded in 1973, it offers a range of programmes, including the flagship Post Graduate Programme in Management (PGP) and the Executive Post Graduate Programme (EPGP). IIM-B integrates academic rigour with real-world relevance, preparing students for leadership roles across industries. With a verdant campus, globally renowned faculty, and extensive industry collaborations, it stands as a beacon of excellence in management education.

4. Indian Institute of Management (IIM), Calcutta

As the first Indian Institute of Management, IIM Calcutta, founded in 1961, holds a prestigious position in management education. Located in Kolkata, West Bengal, it is renowned for its analytical and quantitative focus, making it a hub for finance and economics expertise. Its flagship MBA programme and executive education courses attract top talent nationally and internationally. The institute boasts a vibrant campus, accomplished alumni, and a culture of academic excellence, fostering the development of global business leaders.

5. Indian Institute of Management (IIM), Lucknow

Established in 1984, IIM Lucknow is a leading public business school located in Uttar Pradesh. It offers an array of management programmes, including the Post Graduate Programme in Management (PGP) and the International Programme in Management for Executives (IPMX). Known for its emphasis on value-based leadership and sustainability, IIM Lucknow’s curriculum blends theoretical foundations with practical applications. The institute’s scenic campus, accomplished faculty, and strong alumni network contribute to its reputation as a centre of academic and professional excellence.

6. Indian Institute of Management (IIM), Kozhikode

Indian Institute of Management Kozhikode (IIM-K), established in 1996 in Kerala, is celebrated for its emphasis on innovation and inclusivity in management education. Its flagship Post Graduate Programme (PGP) and Executive Post Graduate Programme (EPGP) are highly regarded for fostering analytical thinking and leadership skills. Nestled amidst the lush Western Ghats, the campus offers a serene learning environment. IIM-K’s focus on technology-driven pedagogy and diverse academic initiatives ensures its graduates are well-prepared for dynamic business landscapes.

7. Indian Institute of Management (IIM), Indore

Indian Institute of Management Indore (IIM-I), founded in 1996, is a premier management school in Madhya Pradesh, known for its holistic approach to business education. Its flagship Post Graduate Programme (PGP) and Executive Post Graduate Programme (EPGP) are designed to develop ethically grounded, socially responsible leaders. With a sprawling hilltop campus, robust faculty, and a focus on experiential learning, IIM-I emphasises strategic thinking, leadership, and innovation.

8. Indian Institute of Management (IIM), Shillong

IIM Shillong, established in 2007 in Meghalaya, is known for integrating sustainability and environmental stewardship into its management curriculum. The institute offers flagship programmes like the Post Graduate Programme in Management (PGP) and Post Graduate Programme for Executives (PGPEx). Nestled in the picturesque hills of Shillong, it provides a unique blend of academic rigour and natural tranquillity. IIM Shillong’s focus on sustainable business practices makes it a distinctive choice for aspiring leaders.

9. Indian Institute of Management (IIM), Kashipur

Located in Uttarakhand, IIM Kashipur was established in 2011 and has rapidly gained recognition for its quality management education. Its flagship Post Graduate Programme (PGP) and Executive MBA for Working Professionals (MBA-WX) emphasise practical skills and industry relevance. Surrounded by the natural beauty of the Himalayan foothills, IIM Kashipur combines academic rigour with an emphasis on entrepreneurship and innovation.

10. Xavier School of Management (XLRI), Jamshedpur

XLRI, Jamshedpur, is one of India’s oldest and most prestigious management schools, established in 1949. Known for its flagship PGDM programmes in Business Management and Human Resource Management, XLRI emphasises ethics and sustainability in its pedagogy. The institute’s vibrant campus, experienced faculty, and strong corporate ties have cemented its position as a leader in producing socially responsible business leaders.

11. Management Development Institute (MDI), Gurugram

Established in 1973, MDI Gurugram is a premier private business school in Haryana, known for its rigorous academic programmes like the PGDM and Executive PGDM. The institute’s focus on global perspectives and industry-oriented learning ensures that its graduates are well-equipped for leadership roles. MDI’s modern campus, strong industry partnerships, and accomplished alumni make it a sought-after destination for management education.

12. SP Jain Institute of Management & Research (SPJIMR), Mumbai

SPJIMR, established in 1981 in Mumbai, Maharashtra, is a leading private business school known for its innovative curriculum and value-based education. The institute’s flagship Post Graduate Diploma in Management (PGDM) and Post Graduate Programme in Management (PGPM) are designed to develop socially sensitive and globally aware leaders. SPJIMR’s strong corporate links and focus on experiential learning make it a top choice for aspiring professionals.

13. Great Lakes Institute of Management, Chennai

Founded in 2004, Great Lakes Institute of Management in Chennai is a pioneer in leveraging analytics and technology in business education. Its flagship programmes, including the PGPM and PGDM, emphasise leadership development and innovation. With a sprawling eco-friendly campus and distinguished faculty, Great Lakes provides a transformative learning experience.

14. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

Narsee Monjee Institute of Management Studies (NMIMS), established in 1981, is a leading private university in Mumbai, Maharashtra. Renowned for its flagship MBA programme, NMIMS offers a blend of academic excellence and industry integration. The institute’s modern infrastructure, diverse specialisations, and strong placement record make it a preferred choice for management aspirants.

15. TA Pai Institute of Management (TAPMI), Manipal

TA Pai Institute of Management, established in 1980 in Manipal, Karnataka, is known for its strong industry connections and focus on experiential learning. Its flagship PGDM programmes in Banking and Financial Services, Human Resource Management, and Marketing are highly regarded. TAPMI’s emphasis on leadership and entrepreneurship ensures graduates are equipped for dynamic business environments.

16. International Management Institute (IMI), New Delhi

Established in 1981, the International Management Institute (IMI) New Delhi is a premier private business school offering flagship programmes like the Executive PGDM. Known for its global partnerships and industry-relevant curriculum, IMI emphasises leadership, innovation, and analytical thinking. The institute’s urban campus and strong corporate ties ensure robust career opportunities for its students.

17. Xavier Institute of Management (XIMB), Bhubaneswar

Founded in 1987, Xavier Institute of Management Bhubaneswar (XIMB) is a premier private business school in Odisha. Its flagship MBA and Executive MBA programmes are designed to develop responsible and innovative leaders. With a focus on ethics, sustainability, and technology, XIMB’s vibrant campus and strong faculty create a holistic learning environment.

18. Alliance University, Bengaluru

Alliance University, located in Bengaluru, Karnataka, is a leading private university known for its comprehensive MBA programme. The university’s curriculum focuses on critical thinking, leadership, and global business strategies. With a modern campus, accomplished faculty, and industry-focused approach, Alliance University prepares students for diverse business roles.

19. Amity University, Noida

Amity University in Noida, Uttar Pradesh, is a prominent private institution offering a range of management programmes, including its flagship MBA. Known for its state-of-the-art facilities, experienced faculty, and industry-oriented curriculum, Amity focuses on fostering innovation, leadership, and professional excellence. Its emphasis on employability makes it a preferred choice for management education.

20. Institute of Management Technology, Ghaziabad

Institute of Management Technology (IMT), Ghaziabad, is a premier business school in India, renowned for its focus on delivering high-quality management education. Established in 1980, IMT offers a range of postgraduate programmes including the prestigious PGDM, PGDM-HRM, and PGDM-Executive. The institute is known for its industry-oriented curriculum, state-of-the-art infrastructure, and a strong emphasis on practical learning. With a diverse faculty and global exposure, IMT Ghaziabad has become a hub for nurturing future leaders, producing graduates who excel in top industries such as consulting, finance, and technology.

Top Indian Business Schools Accepting GMAT Scores from Freshers

Although many may think that you can get an MBA after gaining some years of work experience, it’s not entirely true. Many students go for an MBA right after their graduation, but that requires you to score high on the GMAT. Another advantage of taking the GMAT is that your score remains valid for 5 years, so in the meantime, you can apply to overseas universities too, if you like. 

Let us look at the top Indian B-schools that accept GMAT scores from freshers:

How to Apply to Indian B-schools After Taking the GMAT Test?

The entire process of researching the top colleges that accept GMAT and applying there can be complex and confusing. So we have outlined the steps on how to apply below:

• Step 1: Research all the top Indian colleges accepting GMAT scores.
• Step 2: Shortlist your primary choices based on your profile and what the college offers.
• Step 3: Register for the GMAT exam on mba.com and set a suitable date and exam venue.
• Step 4: Take the GMAT exam well in time for your college applications.
• Step 5: Complete the application form on your shortlisted colleges’ websites and provide all the necessary information, including your GMAT scores.
• Step 6: Keep regular track of your application and prepare for interviews if necessary.
  

Suggested: GMAT Eligibility Criteria in India 

Benefits of Studying at Indian Business Schools Accepting GMAT 

There are several top-ranked business schools in countries like the USA, the UK, and Canada. But India also has its fair share of quality business programs at highly ranked institutions that accept GMAT scores among other tests. Here are some benefits of studying business in top Indian colleges.

• Placement Opportunities: After studying at a reputable business school in India, you will be guaranteed to secure a strong placement in a leadership role at a top firm. 
• Lucrative Pay Packages: Renowned Indian business schools greatly elevate your chances of getting a higher pay package after graduating. An MBA from a top-tier institution in the country usually guarantees competitive pay packages even during periods of recession.
• Industrial Exposure: Studying business at a renowned Indian institution offers immense exposure to industry experts. The faculty at top Indian business schools consists of seasoned professionals who help you gain a practical understanding of the Indian market.

Suggested: GMAT Syllabus & Exam Pattern

From the Desk of Yocket

Even though the CAT is the most commonly taken exam for MBA aspirants in India, the GMAT is also widely accepted by the top business schools in the country. If you are planning to take the GMAT but are confused about the test format, registration process, and other particulars, Yocket has a wide range of blogs to guide you through all there is to know about this test.

If you're feeling stuck with your GMAT exam preparation, join Yocket Prep to get customised study plan that fits your needs. We also offer other exclusive student services and opportunities you can avail yourself of now! Yocket has helped more than 10,000 MBA aspirants gain admission to top universities across the world, and we can help you too!